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Johnson And Sustainability Report

Decent Essays

The healthcare industry consists of many smaller industries that provide services to both private and business consumers. Since the beginning of humankind, there have been thousands of various products and remedies used to treat illness and injury. In 1886, three brothers created a company in their garage that has, since that time, revolutionized the creation and production of healthcare products for all aspects of illness and injury. Since 1886, Johnson & Johnson has provided quality healthcare products for consumers in the United States and throughout the world since the early 1900’s. From their beginnings in a family garage in New Jersey, to operating in over 60 countries worldwide today, Johnson & Johnson family contains more than 250 …show more content…

Before this time, there was no organized or readily available “kit” that provided all necessary emergency response items in the event of an emergency. In 1894, Johnson & Johnson introduces another industry first when it introduces a line of maternity products, designed to help women during childbirth (Johnson & Johnson Services Inc., 2016). Over the next fifty years, the company introduced many industry “firsts” and secured their name as the world leader in consumer healthcare products. According to the 2014 Citizenship and Sustainability Report, total US sales equaled $34.8 billion. This is an increase from 2013 when the sales were $31.9 billion and a decrease from the 2015 sales of $35.7 billion (Johnson & Johnson Services Inc., 2016). Johnson & Johnson’s annual sales are higher than any of its competitors making it the largest income producer of the healthcare market domain. The amount of sales has propelled the healthcare market into the largest sector of the US economy (Eli Research, Inc. , …show more content…

Johnson & Johnson’s research and development budget has grown from approximately $6 billion in 2005 to approximately $9 billion in 2015 and that amount is set to grow to over $10 billion by the end of 2016 (Johnson & Johnson, 2016). Johnson & Johnson currently has research facilities in 13 countries and with the vast increase in the availability of technology to other developing countries, that number is also set to grow as the company is now better able to reach more potential consumers (Johnson & Johnson,

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